Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Arcus−0.060%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.060%, 7d avg +0.018%

Together, before fees+0.049%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.078% cheaper against Arcus than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5592	0.0100	pay 0.0013% / 1h	53m 20s	$120K	$720K	20x
Short	Aster XRPUSDT	1.5583	0.0100	get 0.0100% / 8h	1h 53m	$39.8M	$74.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee AsterbpOrdersPrice spread, now −0.060%Rate

Funding earned: $0
Price spread: −0.060% → +0.018%: −$7.83
Slippage, 4 orders: −$6.55
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$26.88
Costs to cover: 0.191%
Break-even: never at this rate

Slippage from Arcus: live order book, 30 min ago; Aster: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 30 min ago	1.30 bp	5.3 bp −$5	8.4 bp −$84	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	0.32 bp	4.4 bp −$4	6.2 bp −$62	12.8 bp −$1,282	doesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff XRP-PERP	−0.0080%	1h	1.5618	+0.167%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5587	−0.035%	$1.1M	$101K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5576	−0.103%	$9.6M	$25.0M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5578	−0.090%	$261K	—	150x	as long as short
Hibachi XRP/USDT-P	+0.0032%	1h	1.5613	+0.136%	$19K	$73K	7x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.937%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5570	−0.141%	$15.5M	$67.0M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0051%	8h	1.5577	−0.096%	$82K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0079% / S +0.0151%	1h	1.5577	−0.093%	$918K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5600	+0.050%	$3.0M	$11.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5601	+0.058%	$463K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5591	−0.010%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5583	−0.060%	$39.8M	$74.5M	100x
Pacifica XRP	+0.0100%	1h	1.5595	+0.019%	$680K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5581	−0.069%	$564.6M	$1.91B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5571	−0.135%	$353.4M	$866.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5574	−0.115%	$127.8M	$866.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5587	−0.032%	$578K	$41K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5592	long leg	$120K	$720K	20x
Bulk XRP-USD	+0.0100%	1h	1.5455	−0.881%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5579	−0.083%	$371.4M	$134.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5581	−0.071%	$288.3M	$816.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5588	−0.024%	$112.9M	$152.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5571	−0.135%	$269.8M	$351.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5579	−0.083%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5558	−0.217%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5597	+0.033%	$677K	$97.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5625	+0.212%	$1.1M	$41.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5608	+0.103%	$1.0M	$881K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5584	−0.051%	$52K	$436K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5581	−0.069%	$42K	$62K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5575	−0.107%	$838K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5581	−0.073%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5571	−0.135%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5573	−0.123%	$51.2M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5561	−0.199%	$55.3M	$28.8M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5590	−0.016%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5594	+0.011%	$486K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5589	−0.019%	$12K	$247K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5571	−0.134%	$2.2M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5571	−0.133%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5588	−0.026%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5584	−0.054%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5579	−0.083%	$5.7M	$46.0M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5571	−0.135%	$24.4M	$71.3M	125x	as long as short
Kalshi KXXRPPERP	+0.0340%	8h	1.5636	+0.282%	$1.9M	$32.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0449%	1h	1.5608	+0.103%	$1.8M	$981K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5620	+0.180%	$70K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5591	−0.009%	$407K	$529K	10x	as long as short
Aftermath Perps XRPUSD	+0.0545%	1h	1.5551	−0.263%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0687%	1h	1.5608	+0.103%	$288.6M	$194.2M	20x	as long as short